The FDIC & OneWest Bank Scam
Hello, I’m Rick Kirschbrown, CEO of ShortSaleTopGun.com … I’m here today to blow the lid off yet another shocking mortgage related scam that you need to know about … here’s the story …
Video Rating: 4 / 5
Categories: Home for Sale Videos Tags: Bank, FDIC, OneWest, Scam
Except when they are wrong. In this case, the presenter is very misleading on a crucial piece of information. Ultimately, as long as the acquiring institution collects out their basis then they make zero profit and the FDIC doesn’t lose more than their initial estimate at the time of the failure. It is difficult to understand, but in summary, the FDIC only pays the acquirer 20% of the expected hole at the sale date and the remaining 80% later when they take the write-downs.
Lemota21–his “facts” are all over the internet. I discovered them 2 years ago when I was researching OneWest because I am a real victim of their dirty little tactics. What he says is true and i have thousands and thousands of emails from customers of OneWest a/k/a OneEVIL bank to prove it. These investors were aggressive from the get go. Once they took over, they started an audit of all the loans to weed out those which they wanted to rid and get reimbursed under their loss/share agreement.
Do you people realize what this video telling you?? This example is one of the most extreme worst cases this money went towards.. I would be angry if I didn’t realize this is a 1 in 100 case. If they let everything fail stance took over during this downturn happened we would all be sitting around fires eating canned food… Where did his facts come from too?? think about it and make a informed choice..
Insaine by all means… If there is a god I would be very afraid if I was one of these Fukers……..They will burn for a very long time, We have witnessed one of the biggest bank roberies of all time and the sad part about it all is thats its still going on…. People rise and claim what is truly yours…..
Dam! What can people do about this?
@REman07 You are not awake…
Hey, facts are facts.
This should have never been spammed. These guys are crooks.
you get this from THINK BIG WORK SMALL
These measures have been taken in order to avoid a complete financial meltdown on the scale of the Great Depression.
This info is completely wrong and their “facts” have been completely debunked. Frank and Brian got their info from a broke real estate agent who made things up just to get some publicity.
OneWest has not received one penny from the FDIC.
Frank and Brian are anti-Obama crybabies. The ironic thing is that Bush is the one who started these bailouts. Teabaggers are idiots!